Soon-to-Be Released Report Will Show That Social Security Continues to Work for America
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As reporters prepare to cover the soon-to-be-released 2019
In addition to reviewing this backgrounder, we invite you to speak with our president,
The most important takeaways from the 2019 Trustees Report will be that (1)
The 2019 Trustees Report will project
(Those percentages are calculated from the 2018 report. This year's report may vary slightly, but not significantly. As soon as the report is released, this backgrounder will be updated with the latest projections and released as a fact sheet.)
Often, the release of the annual Trustees Report leads to lamentations from many observers that "
In contrast, Congressional Democrats have concrete plans - not just to ensure that all promised benefits will be paid in full and on time for the foreseeable future, but to address our nation's retirement income crisis by increasing
Several other bills to protect and expand
The question of whether to expand or cut
Over half (52 percent) of American households headed by someone of working age will not be able to maintain their standards of living in old age. This figure rises to roughly two-thirds when health and long-term care costs are also considered. Traditional employer-sponsored defined benefit pension plans are disappearing, leaving workers, at best, 401(k) and other retirement savings plans, which have proven inadequate. Around half of households aged 55 or older had zero retirement savings in 2013. Among those households age 55-64 with some retirement savings in 2013, the median amount of those savings was about
Expanding
For more information about Social Security Works or the
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